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SAMA updates its regulatory sandbox framework to bolster fintech innovations

The Saudi Central Bank (SAMA) has updated the Framework of its Regulatory Sandbox in order to strengthen financial technology (Fintech) innovations. The step was taken...

Saudi Central Bank adds 2 new Fintech firms under its Regulatory...

The Saudi Central Bank (SAMA) has granted permits to two new companies, 'Lean Technologies' and 'Mod5r' to provide open banking solutions, bringing the total...

Saudi-based Arib signs membership agreement with Saudi Credit Bureau

Arib, a Saudi-based digital brokerage platform for loans, has signed a membership agreement with the Saudi Credit Bureau (Simah), marking an exceptional step in...

Tamweel Aloula raises capital to $133.2mn to fuel its expansion plans

Tamweel Aloula, a Saudi Closed Joint Stock Company, has revealed that it will be doubling its capital to $133.2 million, to support the company's...

Saudi Central Bank issues licenses to 3 new fintech companies

The Saudi Central Bank (SAMA) has issued licenses to three new companies specializing in finance and electronic payments, during the Global Entrepreneurship Congress sponsored...

Saudi’s Arib raises $2.3mn in seed round to fund its portfolio...

The leading digital broker for personal loans in Saudi Arabia, Arib has closed a seed investment round totaling $2.3 million, led by Merak Capital,...

SAMA licenses ‘Moyasar Financial Company’ to provide payment services

The Saudi Central Bank (SAMA) has granted a license to a new payment financial technology company, called "Moyasar Financial Company" to provide eCommerce payment...

Arabian Centres’ FAS Labs gets SAMA nod to set up microfinance...

Saudi Arabia's leading owner and operator of shopping malls, Arabian Centres Company’s (ACC) subsidiary, FAS Labs, has secured preliminary approval from the Saudi Central...
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